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Connor Company uses a job-order costing system and applies overhead costs to jobs using a plant-wide rate of 175% of direct materials cost. Connor
Connor Company uses a job-order costing system and applies overhead costs to jobs using a plant-wide rate of 175% of direct materials cost. Connor Company began work on four jobs during June. Information related to the four jobs appears below: Job #1 Job #2 COSTS ADDED DURING JUNE direct materials $1,100 $2,400 direct labor .. $2,700 $2,200 Job #3 Job #4 COSTS ADDED DURING JUNE direct materials $1,800. $1,700 direct labor .. $3,300 $4,600 By the end of June, Jobs 1, 3, and 4 had been completed while Job 2 was not completed. Both Jobs 1 and 4 were sold during June. Job 3 had not been sold as of the end of June. Assume Connor Company had no inventories of any type at June 1. Calculate Connor Company's cost of goods manufactured for June.
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